Astera Labs, Inc. (NASDAQ:ALAB - Get Free Report) shares shot up 2.6% on Tuesday . The company traded as high as $74.32 and last traded at $73.16. 569,009 shares were traded during mid-day trading, a decline of 83% from the average session volume of 3,419,672 shares. The stock had previously closed at $71.30.
Analysts Set New Price Targets
A number of research firms have weighed in on ALAB. Deutsche Bank Aktiengesellschaft began coverage on Astera Labs in a research report on Monday. They issued a "buy" rating and a $85.00 target price for the company. JPMorgan Chase & Co. began coverage on Astera Labs in a research report on Monday. They issued an "overweight" rating and a $85.00 target price for the company. Roth Mkm began coverage on Astera Labs in a research report on Monday. They issued a "buy" rating and a $85.00 target price for the company. Northland Securities began coverage on Astera Labs in a research report on Monday, March 25th. They issued an "outperform" rating and a $85.00 target price for the company. Finally, Craig Hallum started coverage on Astera Labs in a research report on Monday. They issued a "buy" rating and a $90.00 target price for the company. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $86.09.
Get Our Latest Stock Report on ALAB
Astera Labs Stock Up 4.5 %
Insider Buying and Selling at Astera Labs
In other news, Director Jack R. Lazar bought 10,000 shares of the business's stock in a transaction on Friday, March 22nd. The shares were bought at an average cost of $36.00 per share, with a total value of $360,000.00. Following the purchase, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
About Astera Labs
(
Get Free Report)
Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.
See Also
Before you consider Astera Labs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Astera Labs wasn't on the list.
While Astera Labs currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
